04-04-2024 Short Term Update S&P 500

TECHNICAL ANALYSIS (by Intraday Dynamics) Trouble in Paradise? Two Critical Indicators Now  S&P 500 Index Hourly HLC  Thursday’s cycle timing saw a massive 109.38 range in the S&P 500 as prices initially gapped higher and closed the island gap on the charts, only to swoon over 2%, (following some bearishly construed comments from Minneapolis Federal …

Read more

Technical Update 05-07-2023 DJIA & S&P500

Timing TECHNICAL ANALYSIS Major Indices Week of May 5, 2023 Note: For the latest update on the US Dollar, click here. Stocks set a swing high in Monday’s minor timing and then swooned sharply to four week lows (on Thursday’s key timing) before staging a sharp rally on Friday to erase much of the week’s …

Read more

03-11-2023 Technical Update DJI & S&P500

TECHNICAL ANALYSIS The DJIA staged a brutal outside week down and closed on the bottom of the weeks range, down -4.44%. Prices decidedly cleared the December lows and met a longer-term wave count objective at 32192/32170…settling below that level on the daily/weekly. The hourly chart is extremely oversold with the close on Friday and the …

Read more

03-04-2023 Technical Update DJIA & S&P500

TECHNICAL ANALYSIS The DJIA staged an upside reversal week and settled in the top of the weekly range, up +1.75% on the week. The market tested the last major wave lows on the daily, set back in December, before reversing with a strong performance to finish out the week on Friday. The hourly has reached …

Read more

Technical Update 01/15/2023 DJIA – S&P Cash

TECHNICAL ANALYSIS The DJIA spent most of last week on the upside and settled with a 1.99% increase on the week as prices inch back toward the late 2022 swing highs. The “Dow” continues to outperform the S&P500 and the tech-centered Nasdaq Composite. The 52-week H/L line remains frothy, closing the week at -0.16. Sentiment …

Read more